The value of stock plummeted on Wall Street for Microsoft as the IT giant feels the full impact of the PC markets decline.

First quarter year-on-year PC shipments have fallen as much as 14 percent from 2012. Microsoft Share prices had dipped by over 4 percent at 4 p.m. ET.

Microsoft has been impacted by poor sales alongside other major IT manufactures, with HP seeing a 24 percent reduction in shipments in the first quarter of 2013 compared to 2012, while Dell experienced a drop of 11 percent from the same time last year.

Microsoft’s latest operating system offering Window 8 has also failed to enjoy strong uptake with the company being forced to lower the price as customers stick with previous iterations.

Microsoft currently generates 25 percent of revenue from its PC line, however the companies struggles in competing competitively in new sectors including mobile devices and tablets, have taken sales away from traditional PC hardware, have dented Microsoft’s sales.

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